Antipodean Capital, an Australian Quantitative Fundamental manager of FX, CTA and Volatility, has reported a positive return of 5.4% for its Currency strategy, -0.87% for the CTA, and -1.70% for the Global Volatility Arbitrage.
2008 YTD results are +2.19%, -5.99% and +9.49% respectively.
Antipodean's Craig Ferguson noted that leverage had been reduced across all three strategies to reduce risk, given the extreme volatility in all markets. In the A$ Currency Strategy profits were made no short positions on the way down as well as long positions as the dollar recovered.
Antipodean Capital has a track record since February 2006, and an annualised return in the Currency strategy of 10.98%. The CTA strategy was established in August 2006 and has returned an annualized 21.78%, while the Volatility Arbitrage Strategy was established in December 2007 and has returned 22.60% annualised.
